Is it possible to use a credit card payoff calculator for different interest rates?

Yes, you can use a credit card payoff calculator for different interest rates. The interest rate is the key input that needs to be entered accurately for each of your credit cards.

All you have to do is enter the balance amount owed, corresponding interest rate, and expected monthly payment for each credit card you want to calculate the payoff for.

The calculator will then automatically factor in the different interest rates and calculate the time it will take to pay off the balances if you make the proposed monthly payments. It also shows the total interest that will be paid by the time you are debt-free. The great thing is you don't have to do any complex calculations yourself.

You can use it for as many cards as you want, even if they have different interest rates. The calculator seamlessly handles varying rates and gives you an optimised payoff plan covering all your cards.